As practiced by EDS, Appraisal Management Services refers to the process of overseeing and coordinating multidisciplinary appraisal portfolio activities for various purposes, typically in the context of lending compliance, real estate transactions, or personal property valuation. Appraisal management is critical in ensuring that appraisals are conducted accurately, impartially, and in compliance with relevant regulations and industry standards.
EDS’ Appraisal Management Systems® unit designs, implements, manages, audits, curates, and otherwise administers the day-to-day management and regulatory compliance requirements of comprehensive multidisciplinary appraisal portfolios for multinational corporations, private-equity firms, investors, managed funds, federally-regulated financial institutions, secured creditors, asset-based lenders, leasing companies, insurance companies, family offices, endowments, foundations, high-net-worth individuals, and myriad other stakeholders throughout-the-world.
Federally regulated financial institutions and myriad other fiduciaries are required to maintain current and accurate appraisals/valuations of all collateral assets at all times throughout the lending/investment life cycle. Dodd-Frank, Basel III, and many other newly enacted laws, rules, and regulations have placed enormous challenges upon regulated commercial banks and lenders to comply with these stringent new laws. Even small, locally-owned community banks are not exempt from and must now comply with Basel Accords and international rules and regulations. It has become overwhelming.
Similarly, private-equity firms, hedge funds, public and private institutional investors, and myriad other fiduciaries alike must also maintain such vital valuation information to ensure the integrity of their investment portfolios. Investors, especially activist investors, demand such accountability to ensure the credibility of reported values and that their precious investment dollars are being properly administered and managed. While their specific needs and regulatory requirements may vary, prudent stakeholders throughout the world rely upon EDS to provide comprehensive—objective—independent—appraisal portfolio management services.
Our Appraisal Management Group programs and services are provided by our multidisciplinary senior appraisers holding international accreditation with the American Society of Appraisers (ASA) and/or the Appraisal Institute (AI) and/or The Royal Institution of Chartered Surveyors (RICS). The ASA is the oldest and largest multidisciplinary appraisal—valuation organization with some 5000 members in 136 countries worldwide. The Appraisal Institute is a global association of real estate appraisers, with nearly 23,000 valuation professionals in almost 60 countries throughout the world. RICS, with headquarters in London, is the leading organization of its kind in the world for more than 100,000 qualified professionals in commercial and residential development, construction and project management, brokerage, planning and finance, and valuation.
Our experts include USPAP/IVS/’Red Book’ instructors and former state/federal appraisal regulatory compliance officers. EDS’ Appraisal Management programs and services:
• Reduce and manage risk,
• Enhance client relationships,
• Afford greater confidence and flexibility to increase business, and
• Assure compliance with: U.S. Regulatory 75 FR 77450 Interagency Appraisal and Evaluation Guidelines, the Uniform Standards of Professional Appraisal Practice (USPAP) and/or International Valuation Standards (IVS) / RICS ‘Red Book’ / international Basel Accords requirements and other such controlling standards and guidelines.
Our Valuation and Advisory Services Group is headed by Executive Managing Director Steven N. Siegler, ASA, FRICS. Mr. Siegler is an Accredited Senior Appraiser (ASA) and was honored to serve as the founding International Chairman of Appraisal Review and Management (ARM) for the American Society of Appraisers from 2002-2011. Mr. Siegler co-authored and directed the development and implementation of the ASA’s Appraisal Review and Management Principles of Valuations series of courses and best practices that are now taught to professional valuers, government officials, legal experts, and many others throughout the world.
When, as part of Dodd-Frank, the Federal Deposit Insurance Corporation (FDIC) acting for and on behalf of the U.S. Federal Reserve and all inter-agency regulators sought the expertise to develop, implement and monitor the new National Appraisal Ordering and Appraisal Review Protocols for the United States and all U.S. territories, it came to Mr. Siegler and EDS.
Mr. Siegler holds international valuation accreditation as Fellow, Royal Institution of Chartered Surveyors (FRICS), and he is the only RICS accredited expert witness in the United States and the Americas—one of only a handful of such expert witnesses in the world holding the much-coveted RICS Expert Witness Accreditation Service (EWAS) Certification.
Mr. Siegler holds TS Clearance with the U.S. Government and he is uniquely qualified to practice before U.S. Government agencies in national security-related valuation and in other special matters.
Steven is an Elite-Rated member of the peer-voted Super Appraisers® Global Network of internationally-recognized valuation expert witness testimony luminaries. He has served as an expert witness valuer in U.S. state and federal courts, at international tribunals, and in valuation-related Alternative Dispute Resolution and he has personally prevailed in billions-of-dollars at issue in some of the world’s most important—high-profile—and valuable valuation-related cases.
We would welcome the opportunity to bring this level of Appraisal Management expertise to you.